Madisonville, KY Metro Area is an attractive place to live, work and play. It boasts affordable 2 bedroom rental prices at $820 compared to the US average of $1,430. Grocery costs are also significantly lower than the US index at 92 versus 100 in the US. The city has a wide variety of businesses and services that make living here convenient and comfortable. Major employers in the area include Baptist Health Madisonville, West Kentucky Community & Technical College, First Financial Bank, Madisonville Metals LLC and Kenergy Corporation. With various local attractions such as Mineral Mound State Park, Dave’s Southern BBQ & Catering Co., and L&K Dairy Bar, there is something for everyone in Madisonville.
Madisonville Metro Area has an unemployment rate of 5.3%. The US average is 6.0%.
Madisonville Metro Area has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Madisonville Metro Area
- The Sales Tax Rate for Madisonville Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Madisonville Metro Area is 7.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Madisonville Metro Area
- The average income of a Madisonville Metro Area resident is $22,632 a year. The US average is $28,555 a year.
- The Median household income of a Madisonville Metro Area resident is $49,495 a year. The US average is $69,021 a year.